Packaging Corp. (PKG) saw its price target reduced by Truist from $273 to $270 after the company reported earnings below expectations for the fourth quarter. Despite the earnings shortfall, Truist maintains a Buy rating on the stock, citing the recent decline as a potential buying opportunity.
The analyst highlighted that Packaging Corp. is well positioned for 2026, supported by strong demand in its market. This outlook suggests potential growth prospects despite the near-term earnings challenges.
**Why this matters**
The adjustment in price target reflects Truist’s response to the company’s recent financial performance while maintaining confidence in its longer-term prospects. Investors may view the lower price target and Buy rating as a signal to consider entering or increasing positions in Packaging Corp. shares at a more attractive valuation.
Source: News Source